The Israeli Government’s launch of tenders for the E1 settlement project is unacceptable and destructive. Britain will not stand back and accept the destruction of the two state solution. My statement:

🇫🇷 550,000 marched and more than 1,800 were arrested across France over the cost of living, and the party leading the 2027 race is, according to two French commentators, Macron on Europe, Ukraine and climate with a different name Students started it over money the state doesn't have, the suburbs moved into the big cities after 6pm, police looked, in Raptor's telling, like they'd been told to stand back, and Alexis says Macron's night before the worst of it was a Celine Dion concert. Alexis Poulin, French journalist, says the yellow vests never went away because nothing changed since 2018: "There is not enough money for our schools, for our hospitals, for our firemen. But there is always enough money for war with the Russians." Alexis puts the Ukraine war and EU sanctions at 80% of the anger, with summer wildfires burning while water bombers sat short and billions flew to Kyiv. Le Raptor, French commentator and business owner, says an employer pays a worker's €1,500 salary and roughly the same again to the state, which makes hiring hard, and that the government's answer to looted shops is tighter control of social media. Both call Le Pen a continuation of Macron on Europe, Ukraine and climate, which means France's next revolution may get voted in with nothing to show for it. @WeTheBrandon @RaptorVsWild

I’ve spent a few days thinking about the Tesla Roadster reveal and landed somewhere I haven’t seen much discussion. I’m neither a Tesla fanboy nor a Tesla hater. And I couldn’t care less whether what we saw technically qualifies as a flying car. Three takeaways: (1) The risk of that live demonstration going horribly wrong was real. Almost no CEO would willingly expose their company to that kind of public humiliation for a product with so little financial upside. Elon did. (2) That willingness to attempt the seemingly impossible is what makes Tesla special. It’s also arguably Elon’s greatest contribution to America. He’s helped bring back something we’ve lost. The American spirit of chasing big scary ideas that most people think are impossible. That mindset is spreading across a new generation of founders and its long term impact on America’s future could dwarf anything Tesla ever sells. I think this is deeply underappreciated. (3) Can we just acknowledge how insanely cool that moment was? We’ve reached a strange place culturally where even extraordinary feats of human ingenuity immediately become arguments about why they don’t count. Not everything needs to be a debate. Sometimes we should just be able to stand back together and marvel at what humans are capable of. I’ve been both bullish and critical of Tesla’s ambitions over the years. But watching Elon and his team push the boundaries of what’s possible reminds me why I’m glad we have him. Whether the Roadster ever makes Tesla a dollar or impacts $TSLA stock price is almost beside the point. We need more people willing to risk failure in pursuit of things the rest of us think are impossible. Because when they succeed we all win.

Want to know the ultimate test of a trader? Hint: It isn’t how much you make when the market is easy. It’s what you do after a devastating loss that completely defines your career. [02:39] This month, one of our top trading desks at SMB Capital took a tough loss. They were long a position when an unexpected, intervening event dropped out of nowhere and hammered the stock. The damage? Down over $3 million. [00:13] In prop trading, that plunges a desk straight into what we call "the hole" [00:13]. Before these guys see another dollar of payout, they have to grind back every single dollar of those millions just to get back to flat [00:23]. Bad beats happen. Losses happen. It flat-out sucks, you feel it right in the pit of your stomach, and the pain lingers [02:32]. It is what you do after the loss that matters—not the loss. [09:10] The $3M deficit matters very little in the long run compared to how the team and its individual contributors respond right now [02:49]. In our latest video, I broke down the exact 6-step blueprint this elite desk is using to climb out of their hole [03:26]: 1. Run a Forensic AAR (After Action Report): Stripping emotion from P&L [03:42]. The team leader didn't bury the loss in a large pepperoni pizza and a bottle of red wine [04:47]. He delivered a candid, constructive autopsy: owning his mistakes, analyzing hedge execution, and praising the quick-thinking put purchases that saved another $2M in damage [04:20]. 2. Collaborate Across the Desk: As Ray Dalio observed, viewing the market through one pair of eyes means missing critical information [05:04]. On our desk, an impressive junior 7-figure producer respectfully pushed back on the star's self-critique, arguing the entry add was technically sound and purely hit by an exogenous intervening shock [05:32]. That open debate is where real edge compounds [06:01]. 3. Bring the Trade to the Firm Crucible: The desk brought the trade to partners, risk managers, and mentors like @theonelanceb [06:13]. Risk reviewed limits, senior partners coordinated tech solutions for faster news execution, and coaches challenged the floor [06:23]. A painful rip becomes rocket fuel when your entire firm has your back [06:50]. 4. Chip Away with One Good Trade: As Market Wizard Marty Schwartz famously said, greatness isn't hitting home runs; it's stringing together singles and doubles [07:02]. No desperate YOLO swings. The team leader set the tone: "I am just going to chip away at these losses." One Good Trade. And then One Good Trade. And then One Good Trade [07:25]. 5. Grounded Veteran Optimism: As Colin Powell noted, "Perpetual optimism is a force multiplier." [07:49] The senior leader reminded the desk that drawdowns are temporary, he's clawed out of every hole before, and each slump made him a better trader [08:09]. Veteran leadership eliminates panic [08:26]. 6. Game Plan High-Conviction Catalysts: Don't predict—anticipate [08:37]. The team mapped out high-opportunity environments ahead (like the Anthropic IPO and potential Q4 momentum) to deploy asymmetric risk when the setup aligns [08:48]. The market will knock you down, but your career isn't defined by the brutal blow—it is defined by the grit, discipline, and character you display when you stand back up. It is what you do after the loss that matters. #DayTrading# #PropTrading# #SMBCapital# #TradingPsychology# #OneGoodTrade# How to Recover from a big loss (as quickly as possible) via @YouTube

Most founder and VC types love to publicly celebrate the wins, the product launches, the major milestones... And fair enough! Building new hard tech is indeed incredibly rewarding when things work. Anduril does plenty of celebrating! But what doesn't get talked about nearly enough is how often things *don't* work. Every company building rockets, aircraft, engines, missiles, drones, or any other difficult tech has LOTS of days where something doesn’t work, when a test goes badly, when you thought you got it juuuuust right but womp, not so much. Those days suck, but they are also inevitable on the path to success. Well, Friday was one of those days for Anduril. A solid rocket motor exploded during a test fire at our factory in Mississippi. Most importantly, no one was hurt. The safety systems worked exactly as designed. The team responded exactly the way they've trained to, and damages to our test stand were minimal. By the end of the day everyone was already focused on understanding what went wrong and getting ready for the next test. There's a reason for the cliché "not rocket science" -- because rocket science is actually quite difficult! Friday's test failure is just one example of why. Development testing exists to answer difficult questions before the design goes into production. Obviously we aim and hope for successful tests, but just as obvious, every test failure gives us data. Every anomaly improves the next design. Every test, in the long run, makes the program stronger. Even if Friday sucked (and it did), we take a deep breath and move onto the next one. We'll be back to test firing rockets within weeks. Anduril is continuing to build and test rocket motors weekly, and the production facility remains on schedule. Disciplined iteration begets steady progress, and we're already putting the pieces of our test stand back together for the next test. Onwards.

From riverside sandbanks to green pitches, from muddy Duanpo slopes to professional tracks, from ancient village riverbends to open waters. Guizhou's "village-branded" events keep upgrading their arenas, but the passion never changes. #GameOnGuizhou# #GuizhouVillageGames# #GameOnChina#

The longest-surviving shipwreck castaways were abandoned on a barren Indian Ocean island. With no wood to spark a new flame, they kept a single fire burning for an astonishing 15 years. In 1761, a French East India Company ship called L'Utile struck a reef. The crew managed to build a makeshift boat from the wreckage and sailed away, leaving behind 60 Malagasy people who had been illegally purchased as slaves in Madagascar. The sailors promised to return, but they never did. The castaways were marooned on a barely habitable sandbank—a flat, treeless coral atoll measuring less than a square kilometer. To survive, the marooned people had to rely entirely on what the tiny island could provide. They built robust shelters out of coral blocks and copper from the wreckage to withstand frequent cyclones. With no natural vegetation other than sparse scrub, they subsisted for a decade and a half on a diet of seabirds, turtles, and brackish water drawn from a hand-dug well. The single fire that sustained them had been originally lit from the shipwreck's embers and carefully guarded around the clock. Fifteen years later, in 1776, a French corvette commanded by Chevalier de Tromelin finally arrived. By then, only eight survivors remained: seven women and an eight-month-old baby boy. While the Tromelin castaways hold the record for the longest-surviving group, the longest documented solitary shipwreck survivor is Pedro Serrano. In 1526, Serrano swam to a barren Caribbean sandbank—now known as Serrana Bank—after his ship sank. He lived there for eight years, surviving by drinking turtle blood and rainwater before he was finally rescued in 1534. Like the Tromelin survivors, Serrano owed his life to the harsh but sustaining ecosystem of an isolated reef.